Va. Code § 6.2-824

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-824 - Status of converted bank

Upon the conversion of a national banking association to a state bank as provided in § 6.2-823, the state bank shall be considered to be the same business and corporate entity as the former national banking association, except that the state bank shall have the rights, powers, and duties as prescribed by state law. Any reference to the former national banking association in any contract, will, or document shall be deemed to be a reference to the state bank if not inconsistent with the provisions of the contract, will, or document or with applicable law.

Va. Code § 6.2-824

Code 1950, § 6-15.2; 1952, c. 571; 1966, c. 584, § 6.1-34; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1966, § c. 584, § 6.1-34.

Amended by Acts 1952, § c. 571.